Which of the following is an objective of budgeting?
A. Budgeting provides benchmarks against which performance can be measured. B. Budgeting provides a fixed fiscal plan that should not be changed during the year. C. Budgeting helps managers build favorable variances into the performance-evaluation process.
D. Budgeting is done exclusively by the chief fiscal officer for control purposes.
25) Which of the following is an objective of budgeting?